Sold
Last Sold Price
3 beds1,906 sqft
1504 Philo Rd, Urbana, IL 61802
Multi FamilyProperty Type
$66/sq ftPrice per sq ft
2 carsParking Spaces

Description

Both Units currently leased and managed by the Neves Group. Unit #1, main level, leased Section 8 for $750 until 28 Feb 2025. Tenant pays 2/3 of gas, electric, water, garbage, recycle, sewer. Long term tenant that will probably want to renew. New stove and refrigerator 2023. Unit #2, lower level, leased for $850 until 30 Sep 2024, all utilities included, rent subsidized by Regional Planning. Unit #2 was recently updated with new floor coverings and interior paint. Washer and Dryer located in lower...Both Units currently leased and managed by the Neves Group. Unit #1, main level, leased Section 8 for $750 until 28 Feb 2025. Tenant pays 2/3 of gas, electric, water, garbage, recycle, sewer. Long term tenant that will probably want to renew. New stove and refrigerator 2023. Unit #2, lower level, leased for $850 until 30 Sep 2024, all utilities included, rent subsidized by Regional Planning. Unit #2 was recently updated with new floor coverings and interior paint. Washer and Dryer located in lower level hallway. Attached two car shared garage with openers. Property has been approved by Section 8 which matches City code requirements. City inspected 2023.

    Sold By RYAN DALLAS REAL ESTATE

    • Listed by: Charles Dawson 217.373.4859 chasdawson@aol.com • RE/MAX REALTY ASSOCIATES-CHA
    Listing closed: 04/19/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11997326

    Location

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    $919 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $646

    Property Taxes

    $273

    HOA Dues

    $0

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    Property Information for 1504 Philo Road

    Property Details
    • Taxes: $3,273 / year
    • MLS Type: Two to Four Units / 1 Story Unit/S
    • Area: Urbana
    • Township: Cunningham
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Heat/Fuel: Natural Gas
    Building Information
    • Residences: 2
    General Information
    School Information
    • Elementary School District: 116
    • Elementary School: Thomas Paine Elementary School
    • Jr High Middle School: Urbana Middle School
    • High School District: 116
    • High School: Urbana High School
    • Middle Or Junior School District: 116
    Addtl Parking Information
    • Garage Details: Garage Door Opener(s), Transmitter(s)
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Attached
    • Parking: Garage
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 9
    • Bedrooms Total: 3
    • Bedrooms (Below Grade): 0
    • Community Features: Curbs, Sidewalks, Street Paved
    • Basement Type: Full
    • Bedrooms Possible: 3
    • Basement Description: Finished
    • Grid: 64
    • # Full Baths in Building: 2
    • # Half Baths in Building: 0
    • Num of Baths: 2.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    • Other Equipment: CO Detectors, Ceiling Fan(s), Water Heater-Gas
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: Unknown
    • Lot Description: Irregular, Sidewalks
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 65 X 85 X 70 X 115
    • Total # Units in Building: 2.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding
    • Roof Type: Asphalt
    • General Information: School Bus Service,Commuter Bus
    • Lot Size Source: Other
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Public Document Count: 6
    • Document Date: 2024-03-13T13:38:52
    • Photos Count: 4
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $750.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 02/25
    Unit 2
    • Unit Type Actual Rent: $850.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 09/24

    Property History for 1504 Philo Road

    DateEvent & SourcePriceAppreciation
    Apr 19, 2024

    Sold

    MRED #11997326

    $125,000
    Apr 12, 2024

    Sold (Public Record)

    Public Record #1531263217

    $125,000

    +1.8% / yr

    Mar 15, 2024

    Pending

    MRED #11997326

    DateEvent & SourcePrice
    04/19/2024

    Sold

    MRED #11997326

    $125,000
    04/12/2024

    Sold (Public Record)

    Public Record #1531263217

    $125,000

    +1.8% / yr

    03/15/2024

    Pending

    MRED #11997326

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1504 Philo Road

    Taxable ValueLand$15,170Additions$22,930Total$38,100
    Tax Record2025$3,853 ($321 / month)
    Home Facts
    Beds0Total Finished SqFt975 SqFtAbove Grade Finished SqFt975 SqFtStories1StyleSingle Family ResidenceYear Built1924CountyCHAMPAIGNAPN922116453002

    Schools near 1504 Philo Road

    This home is within Urbana School District 116.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - K to 5
    Rating
    School
    Distance
    Thomas Paine Elementary School
    PublicK to 5

    Urbana Middle School
    Public6 to 8

    Urbana High School
    Public9 to 12

    Yankee Ridge Multilingual School
    PublicK to 5

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of RE/MAX REALTY ASSOCIATES-CHA

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/22/2024 07:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.